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What is the balance sheet classification of land

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Question - Please do not answer discussion questions from books or other sources because the goal of this questions to discuss it and use your own words.

1. What characteristics of a property, plant, and equipment item make it different from other assets, such as accounts receivable or inventory?

2. What are the characteristics of an intangible asset?

3. What are some examples of items to include in the cost of a property, plant, and equipment purchase?

4. What is the balance sheet classification of land held for future expansion? Why is the land not classified as property, plant and equipment?

Reference no: EM132546676

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